New Millenium Iron and Tata Steel Increase Resource

Mining Weekly reported New Millennium Iron (TSX:NML) and Tata Steel( NSX:TATASTEEL) have increased the measured and indicated resource by 17.8% at its Labrador project.

As quoted in the market news:

The drilling focused on upgrading existing resource estimates for the project to comply with the Canadian National Instrument (NI) 43-101 standards. The drilling consisted of 40 exploration holes for a total of 2 km, resulting in a 28% increase in the indicated and 43% increase in the inferred resource estimate, when compared with the current resource estimate.

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